S&P/ASX: Bearish Australia!

I believe the S&P/ASX200 is set for a major setback. Especially if the index closes this week below 5475. Lets see how it goes, i will keep updating.

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My best regards,
Technician

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Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
Notes:
5) If 90 percent of first target is reached I move stop loss to breakeven.
6) If 90 percent of first target is reached without triggering entry I cancel the trade.
7) Remember: Losing is a main part of the game

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Related Ideas

I agree and I believe it is not the only one. The S&P500, e-Mini and Dow are starting to show signs of weakness as well. 4xforeaster (David) published an idea for a possible crash of the Japan 225 to a 2000 value index.
If true, markets are in for a ride not just a small / regular retracement.

But but but but QE infinity? Waaaaaaah. Kidding aside, Australia and Germany may be the reality of markets but those with infinite QE will have a hard time pulling back.... US has banks buying treasuries, Japan has QE All In

The issue with QE is that when everyone does it, it ends up having no real purpose/real result whatsoever while maintaining the underlying problems. When BoJ announced a surprised QE a few days ago, all comments were on Draghi and his need to do more than what he had announced as well. Constantly giving more and more sweets to children only makes them fatter. However you cannot keep giving sweets. When you stop because you cannot afford it, you end up with a major crash.

Technician... You are a genius, a humble genius... So many good calls I can't count, I just know when you post something there is probably a 90% chance you'll be right. Thanks for sharing all your ideas, I always look forward to new ones!